Clarke Inc Stock Price To Book
CKI Stock | CAD 19.90 0.10 0.50% |
Clarke Inc fundamentals help investors to digest information that contributes to Clarke's financial success or failures. It also enables traders to predict the movement of Clarke Stock. The fundamental analysis module provides a way to measure Clarke's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Clarke stock.
As of the 11th of May 2024, Price To Book Ratio is likely to grow to 1.07. Clarke | Price To Book |
Clarke Inc Company Price To Book Analysis
Clarke's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Clarke Price To Book | 1.16 X |
Most of Clarke's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Clarke Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Clarke Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Clarke is extremely important. It helps to project a fair market value of Clarke Stock properly, considering its historical fundamentals such as Price To Book. Since Clarke's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Clarke's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Clarke's interrelated accounts and indicators.
Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Competition |
Clarke Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Clarke Inc has a Price To Book of 1.1563 times. This is 74.75% lower than that of the Hotels, Restaurants & Leisure sector and 59.57% lower than that of the Consumer Discretionary industry. The price to book for all Canada stocks is 87.84% higher than that of the company.
Clarke Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Clarke's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Clarke could also be used in its relative valuation, which is a method of valuing Clarke by comparing valuation metrics of similar companies.Clarke is currently under evaluation in price to book category among related companies.
Clarke Fundamentals
Return On Equity | 0.0154 | ||||
Return On Asset | 0.0256 | ||||
Profit Margin | 0.04 % | ||||
Operating Margin | 0.34 % | ||||
Current Valuation | 404.41 M | ||||
Shares Outstanding | 13.96 M | ||||
Shares Owned By Insiders | 76.15 % | ||||
Shares Owned By Institutions | 13.19 % | ||||
Number Of Shares Shorted | 16.2 K | ||||
Price To Earning | 4.98 X | ||||
Price To Book | 1.16 X | ||||
Price To Sales | 3.27 X | ||||
Revenue | 70.09 M | ||||
Gross Profit | 25.4 M | ||||
EBITDA | 26.81 M | ||||
Net Income | 3.42 M | ||||
Cash And Equivalents | 1.09 M | ||||
Cash Per Share | 8.89 X | ||||
Total Debt | 159.14 M | ||||
Debt To Equity | 67.20 % | ||||
Current Ratio | 1.72 X | ||||
Book Value Per Share | 16.53 X | ||||
Cash Flow From Operations | 8.16 M | ||||
Short Ratio | 25.33 X | ||||
Earnings Per Share | 0.24 X | ||||
Number Of Employees | 550 | ||||
Beta | 1.13 | ||||
Market Capitalization | 279.16 M | ||||
Total Asset | 395.13 M | ||||
Retained Earnings | 44.22 M | ||||
Net Asset | 395.13 M |
About Clarke Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Clarke Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clarke using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clarke Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Clarke in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Clarke's short interest history, or implied volatility extrapolated from Clarke options trading.
Pair Trading with Clarke
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clarke position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clarke will appreciate offsetting losses from the drop in the long position's value.Moving together with Clarke Stock
0.65 | AMZN | Amazon CDR | PairCorr |
0.69 | JPM | JPMorgan Chase | PairCorr |
Moving against Clarke Stock
0.59 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Clarke could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clarke when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clarke - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clarke Inc to buy it.
The correlation of Clarke is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clarke moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarke Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clarke can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clarke Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Clarke Stock analysis
When running Clarke's price analysis, check to measure Clarke's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clarke is operating at the current time. Most of Clarke's value examination focuses on studying past and present price action to predict the probability of Clarke's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clarke's price. Additionally, you may evaluate how the addition of Clarke to your portfolios can decrease your overall portfolio volatility.
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